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CLARITY Act would bar US officials from issuing or sponsoring tokens

The proposed ban would expire on Jan. 20, 2029, the day a second Trump term would end, and the Justice Department would largely enforce it.

Reported · Written up by our desk · Regulation

Cointelegraph reports that US lawmakers have released proposed ethics language in the Digital Asset Market Clarity, or CLARITY, Act that would bar US federal officials, including the sitting president, from issuing or sponsoring digital assets.

The bill text would extend to public officials, their employees and their spouses, and it would also block crypto platforms from listing tokens issued or sponsored by federal officials, according to Cointelegraph.

As described by Senator Cynthia Lummis, a key advocate for the measure, the ethics provisions would apply to President Donald Trump, who faces lawmakers’ scrutiny over crypto earnings reported as more than $1.4 billion in 2025.

The ban is set to be temporary, expiring on Jan. 20, 2029, and the US Attorney General would largely be responsible for enforcement rather than state authorities, Cointelegraph adds. The CLARITY Act still requires additional Democratic support to reach a 60-vote Senate threshold before it can move back to the House and potentially to the president’s desk.

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